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[ChrisMedlandF1] BREAKING: F1 announces it has "reached an agreement in principle with General Motors (GM) to support bringing GM/Cadillac as the eleventh team to the Formula 1 grid in 2026"
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Continued:

F1 says that over the past year "they have achieved operational milestones and made clear their commitment to brand the eleventh team GM/Cadillac, and that GM will enter as an engine supplier at a later time"

Full media statement from F1

From Cadillac press release

Mario Andretti, the last American F1 Champion, will serve as a director on the team’s board.

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